All Forum Posts by: Elijah VanDenBerg

@Dave Foster thanks Dave! I appreciate the encouraging words. 

@Leslie Pappas I think I’m more concerned about shifts in the market than 1031. Although I wasn’t entirely thrilled by my last 1031 exchange due to not securing my replacement of choice. 

I appreciate your input, thanks Joe! 

Dangerous assumption indeed! Although I wouldn’t  be confined to the timeframe of a 1031 I think my general concern is not finding a desirable replacement property and sitting on cash as inflation continues.

Trying to decide if now is the time to sell?

I currently own a single family house in Rochester, NH that is coming up on the end of its 12 month lease (end of November). I thought I was going to hold it for quite some time, but I am debating selling to take advantage of this market and the fact if I lease it out for 1 more year I will have to pay capital gains (I lived in it 2017-2019). I purchased at $290k and worth approx. $450-450k. It earns approx. $7000 in cash flow/yr. Built in 2006 and very low maintenance/Mgt requirements. If I sold I would use funds to (hopefully) purchase 6-10 unit in the $800k-1M price range. Big question is if appreciation will outweigh capital gains. Will appreciation continue in my market with lumber prices down and potential increased new construction? Thoughts? 

Appreciate any insight! 

@Sue K. Yes, definitely the quieter the better!

@Michael Noto that makes sense! Thank you

@Rod Hanks agreed!! Thank you

@Michael Robbins thank you, Michael! Very informative

@Bjorn Ahlblad thanks Bjorn! There is a plan for cameras 👍🏼 and there already is a motion sensor light that turns on, but it hasn’t deterred the activity...I want the behaviors to stop...and quite frankly there to be no narcotics on my property. I’m trying to determine the best way to address the issue directly, since there are tenants with children and one tenant is quite frustrated.